Kumari Bank Debenture program 2086 receives overwhelming response from the investors; issue gets oversubscribed within stipulated deadline

Kumari Bank has reported that its recently issued debenture has been over-subscribed by the general investors. The general investors have made application for the total Rs 1.30 arba worth debentures while the debenture was floated only to collect Rs 1.20 arba.

The ten year long debenture Kumari Bank Debenture 2086 had received above average rating NP BBB+ rating from the rating agency ICRA Nepal.

Investors will receive 10.25% interest in a semi-annual basis whereas the principle amount will be refunded after the maturation of this debenture program, as per the media statement.